Cross-Border Payments and Correspondent Banking Risks

Inefficient and costly cross-border payments represent a significant challenge to global commerce and financial inclusion. This course provides a comprehensive analysis of the complexities, innovations, and risks associated with international payments, with a focus on the role of **Correspondent Banking**. Participants will delve into the mechanisms of the correspondent banking network, the drivers of de-risking, and the crucial regulatory requirements for **Anti-Money Laundering (AML)** and **Counter-Terrorist Financing (CTF)**. The curriculum explores current modernization efforts, including ISO 20022 and new technologies like Central Bank Digital Currencies (CBDCs), aimed at improving speed, transparency, and cost.